To put the company into a better competitive position, Avago Technologies Ltd recently acquired Broadcom Corp at $35-billion. The company majors in manufacturing chips for wireless communication. This acquisition improved the value of the company to $70 billion and caused the Broadcom shares to surge by 20 percent, within a single day. Currently, the market share by Avago stands at 40 percent. This acquisition will improve this market share even further.
Prior to this deal, none of the two companies had a good individual competitiveness, mainly because of the large competitors, such as Qualcomm Inc and Intel Corp. Initially, the company was an established consolidator in the chip industry. The acquisition of LSI Logic at $6.6 billion back in 2013 helped the company to diversify into storage devices.
On Wednesday, the company recorded an improvement of 7.76 percent at NASDAQ, with each share priced at $141.49. However, the share prices dropped a few hours later to settle at $140.00.
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John certainly knows what he’s talking about. He graduated from California State University in 2008 with a Master’s Degree in Investments and Securities. Since entering the world of work, he’s continued to put his degree to use. He’s spent over a decade working in the investment banking sector and thanks to his foresight, skills and education, he’s in a prime position to offer help to others looking to start investing.
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